Get analysis of IRS’ proposed regulations on 20% business income deduction

A “wide range” of REALTORS® may benefit from proposed Internal Revenue Service regulations regarding the new 20 percent business income deduction.

That’s according to a report earlier this week by the National Association of REALTORS® which states that individual owners of sole proprietorships, including independent contractors and owners of S corporations, LLCs or partnerships can take the 20 percent deduction on their net qualified business (non-investment) income.

You can read an IRS summary with a link to FAQs, proposed rules and more by viewing the NAR article, “Big Win for REALTORS® on IRS Guidance for 20% Income Deduction.”

 

2018-08-10T17:36:26+00:00August 10th, 2018|News|0 Comments

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